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(MENAFN - AFP) European equities rose in thin holiday trade Tuesday as dealers eyed a record US gains despite sharp falls in Asia, with Frankfurt ahead before its early Christmas shutdown.

In late morning deals, London's FTSE 100 index of top shares rose 0.35 percent to 6,599.48 points and the Paris CAC 40 won 0.62 percent to 4,280.84 compared with Monday's close.

Frankfurt's ...

 
...
 
(MENAFN - AFP) A powerful German business leader slammed a growing anti-Islam movement in the country Tuesday, saying Europe's top economy needed more immigration to remain competitive and should take in more asylum seekers.

The president of the German Federation of Industry, Ulrich Grillo, said the emergence of the group "Patriotic Europeans Against the Islamisation of the ...

 
(MENAFN - AFP) Chinese shopping mall developer Dalian Wanda finished lower after its trading debut in Hong Kong Tuesday, following an initial public offering that broke records despite concerns about China's cooling property market.

Shares in the Beijing-based company ended down at HK$46.75 ($6.03) by the close of trade, 2.6 percent lower than the HK$48 offering price, following ...

 
(MENAFN - AFP) Asian markets dipped on Tuesday in thin trade despite a positive lead from Wall Street where indices reached fresh records ahead of the release of key US economic data.

Sydney fell 0.79 percent, Shanghai dropped 0.73 percent, and Seoul slipped 0.11 percent in morning trade. Hong Kong rose 0.15 percent while Tokyo was closed for a public holiday.

The ...

 
(MENAFN - AFP) Japan Post Holdings and its banking and insurance units plan to debut on the Tokyo Stock Exchange in September next year, one of the nation's biggest initial public offerings, a daily said on Tuesday.

The Japan Post group, now 100 percent controlled by the government, is expected to announce the IPO plan by the end of December, the Nikkei business daily said.

The ...

 
(MENAFN - AFP) Chinese shopping mall developer Dalian Wanda Commercial Properties made its trading debut in Hong Kong Tuesday after raising $3.7 billion in a record-breaking initial public offering.

Shares in the Beijing-based company were slightly up at HK$48.2 ($6.21) in the first hour of trading, following the biggest IPO in the world by a real estate firm.

Owned ...

 
(MENAFN - AFP) Moody's on Monday downgraded the credit rating of New York's Metropolitan Opera, voicing concern over the ability of North America's largest classical music company to improve its financial profile.

The Met, considered among the world's most prestigious opera houses, in August reached an agreement with labor unions to cut pay and benefits over a four-year period.

But ...

 
(MENAFN - AFP) Cashed-up Australian telecom giant Telstra said Tuesday it has agreed to buy Pacnet, Asia's biggest private owner of submarine communication cables, for US$697 million in one of its largest acquisition to date.

Headquartered in Singapore and Hong Kong, the company also offers data-centre services to carriers, governments and multinationals across the Asia-Pacific ...

 
(MENAFN - AFP) The Dow and S&P 500 stock indices rose to fresh records on Monday, another positive day for global equity markets still cheered by last week's US Federal Reserve meeting.

The broad-based S&P 500 advanced 7.89 points (0.38 percent) to 2,078.54, about three points above the previous high December 5.

The Dow Jones Industrial Average jumped 154.64 ...

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